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Why are corporations holding so much cash?

Juan Sanchez and Emircan Yurdagul ()

The Regional Economist, 2013, issue Jan

Abstract: U.S. corporations are holding record-high amounts of cash. One reason has to do with taxes—both the uncertainty about future taxes and the reality of today’s tax rules. The second reason has to do with the rise of research and development; because of its uncertain nature, this sort of work requires access to high levels of cash.

Keywords: Corporations - Taxation; Research and development; Cash flow (search for similar items in EconPapers)
Date: 2013
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